Florida’s 125% Surge in Property-Insurance Bills Sows Havoc May 21, 2024 By Lauren Coleman-Lochner and Melina Chalkia For Filicia Porter, the insurance bills were the final straw. They’d been climbing steeply for her assisted-living business as Florida...
Houston Windstorm Causes Preliminary Economic Loss of $5-7B: AccuWeather May 20, 2024 By Ezra Amacher The destructive windstorm that blew out windows in downtown Houston and left hundreds of thousands of southeast Texas residents without...
NICB: Contractor Fraud Costs U.S. Residents Billions Yearly May 20, 2024 With 28 separate natural disaster events costing at least $1 billion and totaling more than $93 billion in catastrophe losses,...
Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes April 24, 2024 By Leslie Kaufman Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get...
Survey Shows Majority of Florida, California Homeowners Seeing Higher Insurance Costs April 19, 2024 Few people in Florida and California will be surprises to hear that the majority of homeowners in those states have...
Wildfires Are Upending Some of the Safest Bets on Wall Street April 17, 2024 By Olivia Raimonde and Mark Chediak When the Texas Panhandle went up in flames this winter, the news spread fast on Wall Street. An electric utility...
Europe’s Wildfires in 2023 Were Among Worst This Century: Report April 12, 2024 By Geert De Clercq The 2023 wildfire season in the Europe was among the worst this century, according to a European Commission report published...
US Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting April 11, 2024 By Ty Oneil It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and...
California Lawmakers Introduce Disaster Resiliency Bill to Aid State’s Insurance Issues April 10, 2024 California representatives Mike Thompson (D-CA) and Doug LaMalfa (R-CA) introduced the Disaster Resiliency and Coverage Act of 2024. H.R. 7849...
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData April 8, 2024 The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed...